MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0036314
Modern Acrylics Private Limited
Modern Acrylics Private Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.15 Cr
▼ 31% YoY
Net profit · FY 2024
₹17.69 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹1 Cr
EBITDA margin 6.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹89.33 Lakh
Issued & subscribed
Open charges
₹4.65 Cr
Satisfied ₹10.52 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
38
Provident fund records
About Modern Acrylics Private Limited
Data last updated:
Modern Acrylics Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17100PB2003PTC026609. Its GSTIN is 03AADCM7736M1Z7 (Punjab).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹89.33 Lakh. It is led by directors Deepak Aggarwal and Satish Kumar Aggarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ludhiana, Punjab.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.15 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹17.69 Lakh (net margin 1.1%) and EBITDA of ₹1 Cr (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 5% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.65 Cr and satisfied charges of ₹10.52 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
Modern Acrylics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0036314). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17100PB2003PTC026609
Registration Number 026609
Incorporation Date 12 December 2003
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0036314
Recognitions & Rankings of Modern Acrylics
Contact details
Modern Acrylics Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2219/2B Kakka Road Tajpur Road, Near Mahabir Complex, Ludhiana, Punjab, India – 141007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Modern Acrylics Private Limited, buy the company report.
Comprehensive company report
Modern Acrylics Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Business activity
The main business activity of Modern Acrylics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Modern Acrylics Private Limited, buy the company report.
Financials of Modern Acrylics Private Limited
FY 2025 filings availableModern Acrylics Private Limited reported revenue of ₹16.15 Cr (down 31% YoY) for FY 2024.
Revenue · FY 2024
₹16.15 Cr ▼ 31%
Net profit · FY 2024
₹17.69 Lakh margin 1.1%
EBITDA · FY 2024
₹1 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 6%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 12%
5 years · compounded
▼ 3%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 31% fall in the latest year. EBITDA fell 13% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.69 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Modern Acrylics Private Limited, buy the company report.
Board of directors of Modern Acrylics Private Limited
Modern Acrylics has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Aggarwal | Director | 12 Dec 2003 | 22 Years 10 Months | Current |
| Satish Kumar Aggarwal | Director | 12 Dec 2003 | 22 Years 10 Months | Current |
Peer comparison
Modern Acrylics Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahavir Tex-Syn Private Limited | ₹16.15 Cr (FY 2025) | -27.0% | New Delhi, Delhi, India | |||
| Studio Source Private Limited | ₹16.15 Cr (FY 2015) | -21.0% | Bangalore, Karnataka, India | |||
| Modern Acrylics Private Limitedthis company | ₹16.15 Cr (FY 2024) | ₹17.69 Lakh | 1.1% | -31.0% | 38 | Ludhiana, Punjab, India |
| Magnetkraft Clothing Private Limited | ₹16.13 Cr (FY 2024) | 2.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Modern Acrylics Private Limited, buy the company report.
Auditor
Modern Acrylics Private Limited is audited by S S PERIWAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S PERIWAL & CO | FY 2019 | 001021N |
Shareholding
The shareholding of Modern Acrylics Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Modern Acrylics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.65 Cr
Satisfied charges
₹10.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2022 | 100641929 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 13 Apr 2018 | 100170906 | Hdfc Bank Limited | ₹4.5 Cr | Open | |
| 27 May 2019 | 100274503 | Others | ₹2 Cr | Satisfied | |
| 30 Apr 2019 | 100263472 | State Bank of India | ₹10 Lakh | Satisfied | |
| 30 Sep 2016 | 100071409 | Others | ₹2.25 Cr | Satisfied |
To see the full charge records of Modern Acrylics Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Modern Acrylics Private Limited has 3 court cases on record: 3 filed by Modern Acrylics. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Ms BTN Textiles Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S RR Wools | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S BS Fabrics | Disposed |
To see the full case history of Modern Acrylics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modern Acrylics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modern Acrylics Private Limited has a workforce of 38 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
-29.63%
GST
Modern Acrylics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCM7736M1Z7 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modern Acrylics Private Limited, buy the company report.
Recent activity
Modern Acrylics Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Deepak Aggarwal was appointed as Director on 12 Dec 2003.
AGM
Modern Acrylics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Modern Acrylics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 4.50 Cr registered on 13 Apr 2018 with Charge ID 100170906 was modified on 28 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100641929 was registered on 22 Oct 2022.
Charges
A charge registered on 27 May 2019 via Charge ID 100274503 with Others was fully satisfied on 04 Sep 2020.
Charges
A charge registered on 30 Apr 2019 via Charge ID 100263472 with State Bank Of India was fully satisfied on 29 May 2020.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100274503 was registered on 27 May 2019.
Charges
A charge with State Bank Of India amounted to Rs. 0.10 Cr with Charge ID 100263472 was registered on 30 Apr 2019.
Charges
A charge registered on 30 Sep 2016 via Charge ID 100071409 with Others was fully satisfied on 26 Apr 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.50 Cr with Charge ID 100170906 was registered on 13 Apr 2018.
Charges
A charge registered on 06 Oct 2012 via Charge ID 10380366 with Oriental Bank Of Commerce was fully satisfied on 14 Dec 2016.
Charges
A charge registered on 23 Dec 2011 via Charge ID 10336543 with Oriental Bank Of Commerce was fully satisfied on 14 Dec 2016.
17 earlier events are in the company report.
Frequently asked questions
Modern Acrylics is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 December 2003 (23+ years old) and is registered under CIN U17100PB2003PTC026609.
Modern Acrylics has 2 current directors:
- Deepak Aggarwal - Director
- Satish Kumar Aggarwal - Director
The latest financial statements of Modern Acrylics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Modern Acrylics is 03AADCM7736M1Z7, registered in Punjab.
The CIN (Corporate Identification Number) of Modern Acrylics is U17100PB2003PTC026609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Acrylics has 3 court cases on record: 3 filed by the company.
Modern Acrylics was incorporated on 12 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Modern Acrylics by revenue are Mahavir Tex-Syn Private Limited, Studio Source Private Limited, Magnetkraft Clothing Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Deepak Aggarwal was appointed as Director on 12 Dec 2003. Satish Kumar Aggarwal was appointed as Director on 12 Dec 2003.
Yes, Modern Acrylics is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0036314).
The registered office of Modern Acrylics is at 22192B Kakka Road Tajpur Road, Near Mahabir Complex, Ludhiana, Punjab, India – 141007.